10:22 AM EST - Endeavour Mining : Announced a 108% increase in Indicated resources to 2.5Moz at an average grade of 2.40 g/t Au at the Lafigué deposit, part of the Fetekro greenfield exploration project in Côte d’Ivoire. Indicated resource for the Lafigué deposit has grown by 108% to 2.5Moz at 2.40 g/t Au, based on 0.5g/t cut-off grade. Potential to be Endeavour’s highest grade operation with +2.0Moz at grades above 3.50 g/t Au based on a higher cut-off grade of 1.5 g/t Au. As 97% of the total resource is classified in the Indicated category, no further drilling is required to classify it to reserve status. Very low discovery cost of $7.50 per Indicated resource ounce. Significant exploration potential remains as the Lafigué deposit is open at depth and along strike and over a dozen nearby targets have been identified. Endeavour Mining
shares T.EDV are trading up $0.43 at $36.93.
